Arone: Fed "Likely Won't Go in July" but 3 Cuts on the Way

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5d ago 6:56

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Michael Arone says that the data isn't signaling a "hot" economy but rather some weakness that could evolve to "hard recessionary" trends. He was glad to see Fed officials talking about rate cuts in July, saying he's more concerned about growth than inflation. Michael thinks the Fed made a mistake in 2018 by thinking tariffs are inflationary and that the Fed "should get going" with rate cuts to be in line with its preferred PCE data. He says investors should expect Jerome Powell to indicate policy changes at the Jackson Hole Economic Symposium and believes 3 rate cuts are on the way.

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